Chinese domestic manganese ore prices have remained mostly stable in the past week, with slightly upticks also seen for certain ores. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.65/dmtu (RMB 42.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.10/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.95/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.71/dmtu (RMB 36.5/dmtu). ($1 = RMB 6.391)
Overall trading activity in the manganese ore market in China has been weak, influenced by restrictions on manganese alloy production. Downstream manganese alloy market prices have increased amid the production restrictions, which gives certain support to manganese ore prices. Overseas suppliers’ ore quotations have moved sideways or have risen slightly. As for the week ahead, it is believed that manganese ore prices may continue a mostly stable trend.